Office landlord ‘pleased’ with year-end results
Mack-Cali Realty Corp. reported fourth-quarter lease deals that totaled 153,766 square feet of office and industrial space at its commercial properties in Westchester County and Fairfield County, Conn.
Mitchell E. Hersh, president and CEO of Mack-Cali, in a statement said the company  was “pleased to end the year at 86.1 percent leased, as the suburban office markets remain challenged.  Despite those challenges, Mack-Cali continues to outperform almost all of the markets in which we operate.”
The Edison, N.J.-based company highlighted three signings by office and industrial tenants in Westchester.
Montefiore Medical Center, one of Mack-Cali”™s largest tenants, signed a new lease for 28,430 square feet of space at 4 Executive Plaza, an 80,000-square-foot office/flex building in South Westchester Executive Park in Yonkers.
The tenant was represented by Glenn Walsh and Gregory Frisoli, of Newmark Grubb Knight Frank”™s Rye Brook office. Mack-Cali was represented in-house by Carol McGuire, senior director of leasing.
Also in South Westchester Executive Park, Fabrication Enterprises Inc., a manufacturer and distributor of physical and occupational therapy products, renewed its lease for 12,060 square feet of space at 3 Westchester Plaza, a 93,500-square-foot office/flex building.
Mack-Cali was represented in-house by Ivan Abry, assistant vice president of leasing.
A day care provider at Westchester office parks, Â Bright Horizons Children”™s Center, signed lease renewals totaling 14,200 square feet at 77 Executive Boulevard in Mack-Cali”™s Cross Westchester Executive Park in Elmsford and at 7 Odell Plaza at South Westchester Executive Park.
Mack-Cali was represented in the deals by senior leasing director Louis Amalfitano.
A real estate investment trust, Mack-Cali owns or has interests in 267 office and office/flex properties totaling approximately 31 million square feet and 12 multifamily rental properties with more than 3,600 apartments, all in the Northeast.